Ask yourself this question: how much do you truly know about finance, in general? Yes, you may be able to save money effectively and you understand the importance of making frugal purchases so that your bank account doesn't take a tremendous brunt. However, if you were quizzed on a number of financial topics, how well do you think you'd do compared to other people? Here are a couple of shockingly knowledgeable tips that Bobby Jain could bring to your attention and they may just open a few eyes.
Wales Online posted an article about a series of questions on a GCSE standard. For those who do not know, this stands for the General Certification of Secondary Education, which is an award given to students between the ages of 14 and 16 who passed secondary education in Ireland and Wales. To put it simply, in theory, those who are above these ages should know the answers to GCSE-standard questions given to them, right? Shouldn't adults understand the questions that those who are much younger are able solve?
A number of 2,000 adults, according to the article, were given these types of questions because of the Open University Business School. There were a few topics that adults were required to focus on, ranging from the levels of income tax that was owed by certain accounts to the amounts of money that these very accounts paid. In any event, a reported average of 41% of these adults could not actually come up with the right answers. This is a point that deserves the attention of many financial authorities, including but not limited to Bob Jain.
Seeing as how finance is one of the most vital components of adult life, the fact that these questions couldn't be answered correctly by several people is telling. This is especially true when teenagers are tasked with answering these GSCE-standard questions and can solve them. The fact that these younger men and women can answer them correctly is comforting, in certain aspects, as Bobby Jain can support. However, names like Jain can probably agree that many adults can stand to learn more about finance in general.
To say that clients should have a clearer understanding of finance, in general, would be nothing short of an understatement. Clients should be able to attain the best level of help and it's fortunate that financial experts can help in a number of respects. With that said, is it possible that these adults can take matters into their own hands, whether it's a case of taking classes on the matter or what have you? I am sure that this will be a useful endeavor if adults treat it with the seriousness it deserves.
Wales Online posted an article about a series of questions on a GCSE standard. For those who do not know, this stands for the General Certification of Secondary Education, which is an award given to students between the ages of 14 and 16 who passed secondary education in Ireland and Wales. To put it simply, in theory, those who are above these ages should know the answers to GCSE-standard questions given to them, right? Shouldn't adults understand the questions that those who are much younger are able solve?
A number of 2,000 adults, according to the article, were given these types of questions because of the Open University Business School. There were a few topics that adults were required to focus on, ranging from the levels of income tax that was owed by certain accounts to the amounts of money that these very accounts paid. In any event, a reported average of 41% of these adults could not actually come up with the right answers. This is a point that deserves the attention of many financial authorities, including but not limited to Bob Jain.
Seeing as how finance is one of the most vital components of adult life, the fact that these questions couldn't be answered correctly by several people is telling. This is especially true when teenagers are tasked with answering these GSCE-standard questions and can solve them. The fact that these younger men and women can answer them correctly is comforting, in certain aspects, as Bobby Jain can support. However, names like Jain can probably agree that many adults can stand to learn more about finance in general.
To say that clients should have a clearer understanding of finance, in general, would be nothing short of an understatement. Clients should be able to attain the best level of help and it's fortunate that financial experts can help in a number of respects. With that said, is it possible that these adults can take matters into their own hands, whether it's a case of taking classes on the matter or what have you? I am sure that this will be a useful endeavor if adults treat it with the seriousness it deserves.
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